Hult Prize

The Hult Prize’s $1 million check is the largest sum awarded to the winners of any social good innovation competition. That is, perhaps, because the solutions the Hult Prize funds are both effective, and especially urgent. The competition, which is open to students around the world, energizes young entrepreneurs to build for-profit startups that focus on critical social challenges; to date, it’s engaged over a million students and deployed over $50 million in capital to winning projects. Each year, the Hult Prize directs applicants, of which there might be as many as 50,000, to focus on a specific issue; in 2017, participants designed innovations to improve the lives of at least 1 million refugees over the next five years, and the winning proposal will bring community transit hubs to refugee settlements, solving for the significant mobility gap that migrants face.